Don’t know why, but Dow, S&P and NASDAQ are all way up today, even though it appears that Biden will “win” the election.
“Don’t know why, but Dow, S&P and NASDAQ are all way up today, even though it appears that Biden will “win” the election.”
That is because it is a split government. Investors expect the Senate to protect them from the left. The left only controls the house and maybe the Whitehouse depending on the votes go.
As an investor, I am more worried about the virus shutdowns.
I think possibly because the Pubbies have held the Senate. So the Senate can block the worst of the crap that Marxists are planning as legislation. The market doesn’t mind grid lock for the most part.